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Feds OK reopening uranium mines
Article Last Updated: 09/12/2008 09:29:22 PM MDT
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Posted: 9:24 PM- Federal officials have approved the reopening and combining of two reclaimed underground uranium mines on the Utah-Colorado line.
The U.S. Bureau of Land Management in Moab and Grand Junction, Colo., announced late Friday afternoon that Lakewood, Colo.-based Energy Fuels Resources would combine the Urantah Decline and Packrat Mine into an operation called the Whirlwind Mine.
Earlier the agency released an environmental assessment that showed the mine would have no significant impact.
The Energy Fuels plan allows for up to 200 tons per day of uranium production, which would yield a quarter ton annually of U308 to be processed to yellow cake in southeastern Utah’s Blanding, home to the nation’s only conventional uranium mill.
Energy Fuels is a Toronto-based uranium and vanadium mineral-development company actively rehabilitating and developing formerly producing mines. The company claims more than 40,000 acres of highly prospective uranium and vanadium property located in Utah, Colorado and Arizona.
Uranium prices on the spot market currently are about $65 per pound, down from about $90 in December, when it peaked before a steady drop that only started to reverse in mid-June.
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Posted: 9:24 PM- Federal officials have approved the reopening and combining of two reclaimed underground uranium mines on the Utah-Colorado line.
The U.S. Bureau of Land Management in Moab and Grand Junction, Colo., announced late Friday afternoon that Lakewood, Colo.-based Energy Fuels Resources would combine the Urantah Decline and Packrat Mine into an operation called the Whirlwind Mine.
Earlier the agency released an environmental assessment that showed the mine would have no significant impact.
The Energy Fuels plan allows for up to 200 tons per day of uranium production, which would yield a quarter ton annually of U308 to be processed to yellow cake in southeastern Utah’s Blanding, home to the nation’s only conventional uranium mill.
Energy Fuels is a Toronto-based uranium and vanadium mineral-development company actively rehabilitating and developing formerly producing mines. The company claims more than 40,000 acres of highly prospective uranium and vanadium property located in Utah, Colorado and Arizona.
Uranium prices on the spot market currently are about $65 per pound, down from about $90 in December, when it peaked before a steady drop that only started to reverse in mid-June.
Filed under: Indigenous, Nuclear Waste, Uranium, enivornment, nuclear | Tagged: Feds, OK, reopening uranium mines
